Royce & Associates LP Purchases 124,270 Shares of Mistras Group, Inc. (NYSE:MG)

Royce & Associates LP raised its position in shares of Mistras Group, Inc. (NYSE:MG) by 9.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,441,967 shares of the technology company’s stock after purchasing an additional 124,270 shares during the quarter. Royce & Associates LP owned 4.65% of Mistras Group worth $13,064,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in shares of Mistras Group by 3.3% during the 4th quarter. Bank of New York Mellon Corp now owns 63,851 shares of the technology company’s stock valued at $578,000 after acquiring an additional 2,033 shares during the period. Foundry Partners LLC grew its stake in shares of Mistras Group by 1.0% during the 3rd quarter. Foundry Partners LLC now owns 379,713 shares of the technology company’s stock valued at $4,317,000 after acquiring an additional 3,593 shares during the period. Geode Capital Management LLC grew its stake in shares of Mistras Group by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 453,389 shares of the technology company’s stock valued at $5,156,000 after acquiring an additional 4,014 shares during the period. Heck Capital Advisors LLC bought a new position in shares of Mistras Group during the 4th quarter valued at approximately $50,000. Finally, GSA Capital Partners LLP grew its stake in shares of Mistras Group by 13.0% during the 3rd quarter. GSA Capital Partners LLP now owns 51,797 shares of the technology company’s stock valued at $589,000 after acquiring an additional 5,962 shares during the period. 74.92% of the stock is currently owned by institutional investors.

Mistras Group Trading Down 1.1 %

MG stock opened at $9.90 on Tuesday. Mistras Group, Inc. has a 1-year low of $7.45 and a 1-year high of $12.44. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.68 and a quick ratio of 1.55. The company has a market capitalization of $307.06 million, a price-to-earnings ratio of 28.27, a PEG ratio of 0.73 and a beta of 1.67. The business has a 50 day simple moving average of $9.79 and a two-hundred day simple moving average of $9.97.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Mistras Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th.

Mistras Group Company Profile

Mistras Group, Inc provides technology-enabled asset protection solutions in the United States, other Americas, Europe, and the Asia-Pacific. The company offers non-destructive testing services; inline inspection for pipelines; and plant condition management software. It also provides maintenance and light mechanical services, such as corrosion removal, mitigation and prevention, insulation installation and removal, electrical, heat tracing, industrial cleaning, pipefitting, and welding; engineering consulting services primarily for process equipment, technologies, and facilities; and utilizes scaffolding and rope access to access at-height and confined assets.